U.S. Senate passes record $858 billion defense act, sending bill to Biden
WASHINGTON, Dec 15 (Reuters) – The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than...
Chinese leaders to signal more stimulus for 2023 as COVID clouds outlook
BEIJING, Dec 13 (Reuters) – When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps,...
China’s producer prices fall, consumer inflation slows on soft demand
PPI falls for a second month Nov PPI -1.3% y/y vs -1.3% y/y in October Nov CPI +1.6% y/y vs +2.1% y/y in October BEIJING,...
Global pensions with $3 trln on books fear stagflation -survey
LONDON, Dec 6 (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic...
Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reports
Dec 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900...
HSBC will have to share custody with JPMorgan of $52 bln in gold bars
LONDON, Dec 1 (Reuters) – JPMorgan (JPM.N) will join HSBC (HSBA.L) in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator...
Gold soars 2% as Fed rate hike slowdown prospects hit dollar
Gold highest since early August, futures surge over 3% Silver climbs more than 2% to highest since May Dollar drops to near four-month low Focus...
Consumer inflation in Japan’s capital rises at fastest pace in 40 years
Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure...
Dollar hovers near three-month low amid bets Fed will slow hikes
LONDON, Nov 25 (Reuters) – The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss...
Japan’s inflation hits 40-year high as BOJ sticks to easy policy
Japan CPI +3.6% yr/yr vs forecast +3.5%, highest since 1982 Bulk of price hikes due to cost-push inflation, unsustainable BOJ sees consumer inflation falling below...